Bank of Montreal Can acquired a new stake in M3-Brigade Acquisition III Corp. (NYSE:MBSC – Get Rating) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 935,551 shares of the company's stock, valued at approximately $9,356,000. Bank of Montreal Can owned about 2.49% of M3-Brigade Acquisition III as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MBSC. Arena Investors LP acquired a new stake in shares of M3-Brigade Acquisition III in the first quarter valued at approximately $161,000. Goldman Sachs Group Inc. acquired a new stake in shares of M3-Brigade Acquisition III in the first quarter valued at approximately $4,753,000. Finally, Virtu Financial LLC acquired a new stake in shares of M3-Brigade Acquisition III in the first quarter valued at approximately $106,000. 66.22% of the stock is owned by institutional investors and hedge funds.

M3-Brigade Acquisition III Price Performance

MBSC opened at $10.05 on Friday. M3-Brigade Acquisition III Corp. has a 12-month low of $9.65 and a 12-month high of $10.17. The business has a 50 day moving average of $10.07 and a 200-day moving average of $10.03.

About M3-Brigade Acquisition III

M3-Brigade Acquisition III Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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